Oren Bitan and Jason Goldstein will discuss “Lending Issues in the Cannabis Industry: Managing Risk under State and Federal Law,” at the California Mortgage Association’s 2021 Summer Seminar on July 29, 2021 in San Diego, California.
A few short years ago, lending to the cannabis industry was limited to a few risk-taking private money lenders. Today, many states have legalized medical and recreational cannabis and leaders in the United States Congress are discussing its legalization, causing a substantial number of lenders, including credit unions, to begin to lend to the cannabis industry. In addition, a number of title insurers are willing to insure these loans. However, even if cannabis were to be legalized under Federal law, it is anticipated that there will be substantial Federal regulations, in addition to the existing state regulations, which will govern the cannabis industry. This program will provide you with guidance as to how you can enter this challenging market and navigate your way through Federal and state laws and regulations.
